Fed's Harker Is in Camp of Normalizing Sooner Than Later

The transcript covers discussions on the Federal Reserve's increased scrutiny of banks, particularly focusing on regulatory burdens faced by smaller banks. It also addresses the potential impact of Brexit on the US economy and monetary policy. The limitations of monetary policy are highlighted, emphasizing the need for fiscal and other policies. Challenges in bank lending and business investment are discussed, along with corporate decision-making in uncertain times. The transcript concludes with insights into the division within the Federal Reserve regarding policy normalization and concerns about financial market bubbles.

What are the two main concerns regarding the scrutiny of banks mentioned in the text?

How does the speaker view the relationship between monetary policy and fiscal policy?

What impact does Brexit have on the US economy according to the speaker?

What are the challenges faced by small banks in terms of regulatory burdens?

What factors contribute to the uncertainty in business investment as discussed in the text?

How does the speaker suggest that corporate decision-making is being distorted?

What does the speaker imply about the future of monetary policy and its effectiveness?